USD The Fed left interest rates unchanged as expected while dropping the tightening bias in the statement but adding a slight pushback against a March rate cut. Fed Chair Powell stressed that they want to see more evidence of inflation falling back to target and that a rate cut in March is not their base
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High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not
After hitting a nearly one-week high on Monday, gold prices marginally declined on Tuesday amid a stronger dollar and elevated Treasury yields, as investors awaited the minutes of the last US Federal Reserve policy meeting for more clues on its interest rate cut timing. The April gold futures were trading at Rs 61,954 per 10
The financial markets are rather calm in Asian session today, while major currency pairs and crosses largely engage in a phase of consolidation. This tranquility comes in the wake of China’s surprising decision to significantly lower its mortgage reference interest rate, a move designed to provide a much-needed boost to the struggling property sector and,
In this article WMT Follow your favorite stocksCREATE FREE ACCOUNT A Walmart in Atlanta, Georgia, on Sunday, Feb. 19, 2023. Dustin Chambers | Bloomberg | Getty Images Walmart will report its holiday quarter results on Tuesday morning, as investors try to get a clearer picture of what the year ahead holds for retailers and the
Share: The DXY Index is mildly up on Monday’s session. No relevant data was released during the session and American traders celebrate Presidents’ Day. The FOMC January minutes will be the week’s highlight. The US Dollar (USD) measured by the Dollar Index (DXY) stands neutral around 104.30 with American traders on the sidelines celebrating the
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not
It is a holiday in the US in observance of Presidents Day. As a result, the US stocks, bond and commodity exchanges were all closed for the day. The forex market did trade with limited liquidity and up and down price action. For the USD, the biggest mover was the NZDUSD which rose about 0.44%
Oil prices edged down on Monday morning as markets digested comments from U.S. Federal Reserve officials pointing to a more patient stance regarding potential interest rate cuts, in thin early trade on what is a public holiday in the United States. Brent crude futures were down 58 cents, or 0.69%, at $82.89 a barrel. U.S.
Activity in the global financial markets are rather muted today, with major European stock indexes reading water within a narrow range. US futures are also showing little change, reflecting the quietness of US market holiday. In the currency sphere, movements are similarly subdued, with Euro and Swiss Franc ranking as the day’s weaker currencies followed
In this article CBK-DE .BBKA Follow your favorite stocksCREATE FREE ACCOUNT Commerzbank on Thursday reported a 55% hike in net profit for 2023, as high interest rates helped the German banking giant report its best results in 15 years. Net profit for the year beat expectations to come in at 2.2 billion euros ($2.36 billion),
Share: NZD/USD continues to move in a positive direction amid a stable US Dollar. New Zealand Dollar gains ground on the stronger Business NZ PSI. RBNZ Governor Adrian Orr mentioned that the RBNZ has more to do to anchor inflation expectations to the 2.0% target. NZD/USD extends its winning streak that began on Wednesday with
The USDCHF is rebounding today, after falling yesterday on the back of the weaker retail sales. What is key technically is that on the run lower yesterday, the price did move back below the 200-day MA and then the 100 day MA, but held support right at the 50% of the move down from the
In trading last week, we got a slew of major US economic data releases. This week will be much lighter in comparison but let’s take a look at what are the items that could impact trading sentiment in the days ahead. RBA February monetary policy meeting minutes (20/2) China LPR decision (20/2) Canada January CPI
A softer dollar index (DXY) lifted the appeal of gold which was trading with a positive bias in the early trade on Monday. Bullion fell to a two-month low last week after higher-than-expected consumer price data dented hopes of an early rate cut by the US Federal Reserve. Bullion traded mix in the opening trade
New Zealand Dollar bounces broadly in quiet Asian session, partly underpinned by notable improvement economic data which showed that the services sector has swung back into expansion at the start of 2024. Additionally, economists are increasingly expecting that more work is needed by RBNZ to cool the economic to bring down inflation. BNZ Bank said
Shares of Renault climbed on Thursday after the French carmaker said it would propose raising its dividend per share to 1.85 euros ($1.99) for the financial year, up from 0.25 euros previously. Paris-listed shares provisionally closed 6.5% higher. The company on Wednesday reported a full-year group operating margin of 7.9%, which comes in towards the
Share: NASDAQ Stock market Elliott Wave analysis and trading strategies: NASDAQ 100, Apple (AAPL), Tesla (TSLA), Amazon (AMZN), Nvidia (NVDA), Microsoft (MSFT), Meta Platforms (META), Netflix (NFLX), Alphabet (GOOGL). Elliott Wave Analysis Update: Nasdaq 100’s Wave c) of 2 is yet to be finalized. Most stocks mentioned in the video also need to decline to